Will Gaston
Nearing 1,000 College Student Tenants: Here's what I've Learned
21 November 2024 | 305 replies
I've had a full time individual working for me for almost 3 years and she handles almost all of these items.
Austin Tess
Month to Month
8 November 2024 | 4 replies
Laws are ALWAYS evolving and every couple years there is likely one or more items that should be updated in a lease. 3.
Ivan Smith
Eviction advice needed in Phoenix, AZ
7 November 2024 | 15 replies
Food in fridge is from April this year and it basically looks like someone was half way through moving out and then something happened and so a bunch of stuff is still in house. specifically one room filled with about 10 burner phones, 3 tvs, personal clothes, mail, kids personal items and bunch of random stuff new with tags, etc etc. he also had pets which was against lease term. one of the rooms was used as a pet room completely destroying carpet and staining walls with urine etc.
George Goldstein
Lying about real estate price
11 November 2024 | 12 replies
This is bogus if buyer and seller are independent parties (if the parties are associated then I understand setting true value) as there is usually a reason for the discount purchase (risk items like unpermitted work, crazy low rents in rent controlled area, hoarder, heavy need of rehab, etc).
Jeffrey Hennen
Cost Benefits of Water Softeners
9 November 2024 | 5 replies
I think this would make sense in the long run for the rental property as it will extend the life of everything it touches like the Sink, faucets, showers, water heater, dishwasher, and Clothes washer while also providing clean drinking water in addition to the reverse osmosis drinking water system I already have installed.The main problem with this hardness level is that we get a major deposit buildup on all of these items, which will eventually clog up the faucets for tenants and lead to rusty shower enclosures that take forever to clean.In addition to this, it looks like we could likely have the salt added every couple of months by the property managers in addition to that it would allow for a quick inspection from them, and then also we would instead bill the cost of the service onto the ledger for the tenants.For reference, it does not look like the landlords in the area have water softeners.Thank you everyone for your input ahead of time.
Beverly Lafia
Nightmare Tenants that is always pushing the boundries
8 November 2024 | 17 replies
Start doing category 1 items right away, provide notice and do category 2 as soon as you can and finally prepare and get ready to initiate category 3 items based on your ability to handle them.
Marizel Ashby
New and Excited to connect
7 November 2024 | 13 replies
I want some insight on the action items we need to do to know a good amount needed to start.... we are new and want to get in real estate for long term help for our family.
Winson Zhi Jie Zheng
Top ROI for Single Family Flips
6 November 2024 | 3 replies
I received incredible advice on my last post and completed a series of case studies in the SF Bay Area.I wanted to dive deeper into the community's recent experiences about renovation items with stronger ROIs and appeal to end buyers.
Gregory Martin
Section8 Application Process
6 November 2024 | 1 reply
**Proactive Steps**: - **Prepare for Inspection**: Ensure the property is in excellent condition, with all necessary safety items in place (e.g., smoke detectors, proper handrails).
Julio Gonzalez
When to Capitalize vs Expense
5 November 2024 | 0 replies
To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.